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Company L expects that uncollectible accounts receivable will increase in the future. Which of the following will occur on the firms financial statements? Choose all

Company L expects that uncollectible accounts receivable will increase in the future. Which of the following will occur on the firms financial statements? Choose all that apply.

Net income is reduced.

The gross amount of accounts receivables is reduced.

The allowance account is reduced.

Bad debt expense is increased.

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